Tuesday, 15 November 2016
New South Wales
Chatswood Commercial Buildings Sold
A foreign investor has acquired two commercial buildings at 282-284 Victoria Avenue, Chatswood for $40 million ($7,179/m² of NLA), reflecting a gross yield of 5.75%.
The buildings comprise 5,572m² of NLA and occupy a 2,175m² site area ($18,390/m² of land area).
Sydney Office Lease Wrap
Ace Insure has leased 3,500m² of office space for 10 years at 101 Miller Street, North Sydney for $700-$765/m² net p.a.
White Clarke has leased 1,420m² of office space for 5 years at 101 Miller Street, North Sydney for $700-$765/m² net p.a.
Management Solutions Australia has leased a 115m² office space for 2 years at 275 Alfred Street, North Sydney for $630/m² net p.a.
Horwood & Associates has leased a 596m² office space for 7 years at 88 Phillip Street, Parramatta for $400/m² net p.a.
RXP Services has leased a 495m² office space for 15 months at 189 Kent Street, Sydney for $165/m² gross p.a.
Ingleburn Industrial Property Leased
Capital SMART Repairs Australia has leased a 2,789m² industrial property for 5 years at 1 Austool Place, Ingleburn for $110/m² net p.a.
Neutral Bay Retail Space Leased
Unique Beauty & Day Spa Sydney has leased a 70m² retail space for 3 years at 127 Military Road, Neutral Bay for $700/m² gross p.a.
Melbourne Office and Warehouse Lease Wrap
Sensor Dynamics Australia has leased a 1,442m² office and warehouse property for 3 years at 9 Redland Drive, Mitcham for $139/m² gross p.a.
Cardno Construction Sciences has leased a 2,117m² office and warehouse property for 3 years at 60-64 Vella Drive, Sunshine for $73/m² gross p.a.
Chadstone Office Space Leased
Victory Corporate Serviced Offices has leased a 1,700m² office space for 7 years at 1341 Dandenong Road, Chadstone for $360/m² net p.a.
Brisbane Office Lease Wrap
St Vincent’s Health Australia has leased a 902m² office space for 5 years at 25 Montpelier Road, Bowen Hills for $520/m² gross p.a.
Silverstone Developments has leased a 360m² office space for 5 years at 520 Wickham Street, Fortitude Valley for $575/m² gross p.a.
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